Which of the following was a major contributor to the economic crisis that began in 2008?

Question

Quizplus · Accepted Answer

The collapse of the subprime mortgage industry, which was fueled by risky lending practices and a lack of oversight, was a major contributor to the economic crisis that began in 2008. This led to widespread foreclosures and a decline in housing prices, which had ripple effects throughout the financial system. None of the other options listed were significant contributors to the crisis.

Which of the Following Was a Major Contributor to the Economic